The Indian Statistical Institute (ISI) and National Investigation Agency (NIA) will jointly conduct a study to analyse trends related to the circulation of fake Indian currency notes (FICN) in the country, especially those originating across the borders.
The ISI study will help NIA ascertain the modus operandi of the proliferation of FICN along with the ways to check it, official sources said.
The need for a study on FICN was felt during the last meeting of the Economic Intelligence Council, an apex body on financial crimes, the sources added.
‘There are multiple agencies probing fake currency note cases. Their analyses vary from case to case. A government agency is asked to probe such instances on a case-to-case basis.
‘The study will help us understand the trend of FICN in the country. Its findings will be shared with all other agencies concerned,’ a source said.
CBI and the NIA are the central agencies for the investigation of FICN cases.
The ISI study will help NIA ascertain the modus operandi of the proliferation of FICN along with the ways to check it, official sources said.
The need for a study on FICN was felt during the last meeting of the Economic Intelligence Council, an apex body on financial crimes, the sources added.
‘There are multiple agencies probing fake currency note cases. Their analyses vary from case to case. A government agency is asked to probe such instances on a case-to-case basis.
‘The study will help us understand the trend of FICN in the country. Its findings will be shared with all other agencies concerned,’ a source said.
CBI and the NIA are the central agencies for the investigation of FICN cases.